EURCAD 23rd Sept Strategy
Simple strategy with Ichimoku Kinko Hyo (default setting) and Stochastic Oscillator (14,3,3)
Focusing on H1 chart
Going to enter buy with TP at the nearest resistance, while SL located right below of the cloud.
Stochastic direction is upward and above 20 level which already passed the oversold location, the price ready to go up.
Focusing on H1 chart
Going to enter buy with TP at the nearest resistance, while SL located right below of the cloud.
Stochastic direction is upward and above 20 level which already passed the oversold location, the price ready to go up.
Trade ativo
As we can see, the price is playing above the cloud, this is the indication that the pair is still looking for an uptrend.
And another tips before entering the trade you may check on H4, if the the price is above the cloud as well, thats mean you are in the right direction, lets both TimeFrame align.
Trade fechado: stop atingido
Too bad, the Euro News just bring down the price below the H1 cloud triggering the stop loss
Aviso legal
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